Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

743 W Browning Place Chandler, AZ 85286

3 Beds 3 Baths 2,325 sqft Built 2018

INVESTimate

$489,000

List Price

$2,260

$2,034 - $2,486

Rent Est.

$516,433  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $210.32
  • 5 Days on Market
  • MLS # : 6121292
  • Updated Date : 08/22/2020 at 11:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,325 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Barely lived in with great upgrades. Why wait for new construction? Still under builder initial 1 year bumper to bumper warranty. Backyard already installed. Great community center with workout facility and pool. Rare gated neighborhood with quick access to freeway and downtown Chandler. Low maintenance with perfect north and south exposure lot. 3 bedroom PLUS the office downstairs is great for those covid online meetings or online school sessions. Open floor plan with tile in all the right places. Huge island with granite counters, walk-in pantry and gas appliances. Amazing cabinet storage with high ceilings throughout.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Frye Elementary School Primary Regular 633 39 3
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Frye Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 39
3
GreatSchools Rating

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,804
Property Tax -$285
Property Insurance -$73
HOA -$102
Property Management Fees -$99
CASH FLOW
-$103

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$489,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$23,849

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,260

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2003$2,2604$2,2955$2,305
$2,305
RENT COMPS ANALYSIS
  • 743 W Browning Place Chandler, 3
    • 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.97
    •  
  • 1165 W Mulberry Drive Chandler, 1
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1999
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 711 W Browning Place Chandler, 2
    • 3 beds 3 baths ∙ 2,319 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,319 Sqft ∙ Built 2019
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 767 W Browning Place Chandler, 4
    • 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2018
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.03
    •  
  • 735 W Browning Place Chandler, 5
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2019
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,305
    • $1.06
    •  
PROPERTY LISTING DETAILS
Christopher S. Tiller
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121292
Last Updated: 08/22/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy